Ropes & Gray advised New 2ND Capital in its partnership with Blackford Capital to support select Blackford portfolio companies. The transaction was announced on September 1.
The partnership includes $130 million in commitments to five existing Blackford portfolio companies comprising Automation Control Group, Burgaflex, Habco Partnership, Inc., Security Fire Systems, and Texas Injection Molding.
New 2ND is a specialist in middle-market GP-led secondaries transactions in the U.S., creating flexible solutions to address the liquidity, capital, and strategic needs of a wide range of private equity managers and investors. As of December 31, 2025, New 2ND had $2.6 billion of assets under management.
The Ropes & Gray team was led by alternative asset opportunities partner Isabel Dische and counsel Rob Schmidt and included tax partner Adam Greenwood.
Stay Up To Date with Ropes & Gray
Ropes & Gray attorneys provide timely analysis on legal developments, court decisions and changes in legislation and regulations.
Stay in the loop with all things Ropes & Gray, and find out more about our people, culture, initiatives and everything that’s happening.
We regularly notify our clients and contacts of significant legal developments, news, webinars and teleconferences that affect their industries.